During the last session, AXT Inc (NASDAQ:AXTI)’s traded shares were 6.32 million, with the beta value of the company hitting 2.19. At the end of the trading day, the stock’s price was $3.22, reflecting an intraday loss of -34.95% or -$1.73. The 52-week high for the AXTI share is $5.64, that puts it down -75.16 from that peak though still a striking 41.3% gain since the share price plummeted to a 52-week low of $1.89. The company’s market capitalization is $140.52M, and the average intraday trading volume over the past 10 days was 0.71 million shares, and the average trade volume was 2.29 million shares over the past three months.
AXT Inc (NASDAQ:AXTI) trade information
AXT Inc (AXTI) registered a -34.95% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -34.95% in intraday trading to $3.22, hitting a weekly high. The stock’s 5-day price performance is -34.15%, and it has moved by -23.70% in 30 days. Based on these gigs, the overall price performance for the year is -18.48%. The short interest in AXT Inc (NASDAQ:AXTI) is 1.77 million shares and it means that shorts have 0.29 day(s) to cover.
AXT Inc (AXTI) estimates and forecasts
Statistics show that AXT Inc has outperformed its competitors in share price, compared to the industry in which it operates. AXT Inc (AXTI) shares have gone up 34.17% during the last six months, with a year-to-date growth rate more than the industry average at 38.24% against 2.20. In the rating firms’ projections, revenue will increase 22.50% compared to the previous financial year.
Revenue for the current quarter is expected to be $20.96 million as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to $22 million by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $19.41 million and $18.59 million respectively. In this case, analysts expect current quarter sales to grow by 8.00% and then jump by 18.30% in the coming quarter.
While earnings are projected to return 18.93% in 2024, the next five years will return 15.00% per annum.
AXTI Dividends
AXT Inc is due to release its next quarterly earnings between April 25 and April 29. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
AXT Inc (NASDAQ:AXTI)’s Major holders
AXT Inc insiders own 6.66% of total outstanding shares while institutional holders control 52.91%, with the float percentage being 56.69%. Dimensional Fund Advisors LP is the largest shareholder of the company, while 108 institutions own stock in it. As of Jun 29, 2023, the company held over 2.64 million shares (or 6.04% of all shares), a total value of $9.07 million in shares.
The next largest institutional holding, with 2.16 million shares, is of Needham Investment Management, L.L.C.’s that is approximately 4.95% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $7.43 million.
Also, the Mutual Funds coming in first place with the largest holdings of AXT Inc (AXTI) shares are Needham Small Cap Growth Fund and Vanguard Total Stock Market Index Fund. Data provided on Jun 29, 2023 indicates that Needham Small Cap Growth Fund owns about 1.5 million shares. This amounts to just over 3.44 percent of the company’s overall shares, with a $5.16 million market value. The same data shows that the other fund manager holds slightly less at 1.18 million, or about 2.69% of the stock, which is worth about $4.04 million.
